41 Main St, Salamanca, NY 14779-1585
This landmark commercial building in Salamanca, NY, presents a unique investment opportunity. Located in the riverside business district, this 13,035 square foot, two-story property boasts stunning architecture and historical significance. Originally City Hall, it features magnificent exterior columns and an exquisite brick façade. The first floor offers 4,250 square feet of office space, including fireproof vaults, public restrooms, three mid-century modern conference rooms, a large library-style room, two private offices with river views, and a spacious cubicle area. Original woodwork and Terrazzo floors grace the lobby. The second floor comprises five residential apartments; three are currently tenant-occupied with transferable leases, one is used for storage, and one requires finishing. A full basement with an industrial overhead door provides ample storage. The property sits on a 0.13-acre lot and is zoned commercial. The asking price is $499,000 ($38.28/sq ft). Note: Brady & Swenson Trial Lawyers will be relocating. Sold AS-IS. MLS#B1553226.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
03 - MULTI-FAMILY · Salamanca, NYSalamanca. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.